Monday, March 24, 2008

Time to Hunker Down...

Four mistakes entrepreneurs make in a recession... (H/T: Businomics Blog):

  1. Failing to take advantage of decreasing costs.
  2. Thinking the only way to increase demand is to cut price.
  3. Failing to recognize increased competition.
  4. Forgetting that some products, or even whole businesses, are counter cyclical.
Read the whole thing.

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